Loading…
DTN's weekly spot price for domestic distillers dried grains from 33 locations fell $1 to $164 per ton for the week ended May 23. Merchandisers said supplies are plentiful as plant output rises while nearby demand is slow.
The DTN National Average Corn Index rose 7 cents over the same period.
Growing DDGS supply against slow nearby demand is bearish for feed-grade DDGS prices. Lower DDGS values make the byproduct a cheaper protein and energy option against corn and soybean meal.
dtnpf.comMary KennedyMay 24, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
